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20121201
20121231
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. but this idea that retail is soft, was it the fiscal cliff? was it sandy? was it some sentiment that came out of the newtown tragedy? it's hard to say. >> but it may be a combination of all of those. we got a sense from the guests we brought on earlier this week, on monday, that it was not a great holiday selling season, as we ended the last day before christmas. and all those may be the reasons, carl. i'm positive i didn't think people really understood the fiscal cliff. i may have been wrong. perhaps it was something that weighed on people's minds. the weather always at issue. it could actually have been warmer weather as well that contributed. we've had some analysts say that because people don't feel they have to go out and buy a coat. >> because it will never get cold again. >> except today, when it's 28 degrees. we'll see how after christmas does. internet also, it doesn't appear as online sales are up as p as anticipated. and perhaps they made up for the loss of the brick and mortar. >> you were pointing out before the show, luxury was not immune to this. you would think it would be mo
from sandy, at the beginning of november, there was a lot to make up as we got throughout the course of november. but black friday came back nicely. we actually think that it's more going to affect some of the lower income consumers as you look back at the consumer confidence numbers than the higher end special names. we think it will hold it pretty well throughout the season. >> speaking of high end specialty names, you do favor coors and lululemon, those are some of the highest retailers out there. what do you see coors doing right? what sorts of sales numbers do they need to see this season to justify the valuation? >> they're at about 27 times. which given the kind of growth rate they've seen, i don't think it's all that expensive. the same-store sales were 25% last quarter. don't see that slowing even though we have modeled in a slowdown from that. not just at their retail stores, where they have a lot of room to open more stores. at the wholesale accounts, the big department stores, they're seeing incredible sales increases. they're putting in these shops that triple the busine
the issue of the katrina spending, or sandy spending, the president has spoken time and time again, we need additional stimulus of spending. we saw how well that has worked out the last couple of times, $700 billion, $800 billion spent and not producing any jobs. that's the problem. when the government spends money, and a lot of these other infrastructure investments and stimulus, it takes from the private sector, not creating jobs. if the government is able to spend this money better than a private sector, i have a problem with that. >> i just came from michigan. there's been a resurgence of the auto industry. there was federal money that went into it. without federal money, chrysler and gm would have gone bust. >> the liquidity. like aig -- >> exactly. let me finish. you talk about it's all wasted. that's not true. that's not true. some of it is well spent. and i think you should answer your question. sandy, not named after me, had a major impact on the east coast. there's been a request for help from the federal government. i'm all in favor of accountability. >> but did you have accounta
]. >> they spend on their pets. one name we have not mentioned yet, bed bath & beyond, sales fall short and sandy keeps getting blamed. >> it is decelerating. people feel it is amazon or sandy. now getting cheap. 55, 56, i would not sell it. i feel like in the end, [ inaudible ] [ bell ringing ] there they are, at the opening bell. top of your screen is the s & p 500. down at the exchange, pet care brand u can tube in ba and canine companions for independence providing highly trained dogs for people with disabilities.ompanions for inde providing highly trained dogs for people with disabilities. >> intercontinent, ice, a day -- what happened? there's a dog up there. >> what's the question? >> we used to -- the bell used to be big companies ringing. i mean, is this an anachronism, david? >> you want to come back to this? >> 200-year-old company gets bought by a 12-year-old company. is mr. mcdonald there? i don't see him. maybe is there a little irony here, going for an ironic touch. >> looking for significant cost savings in this merger. we have been saying 450 million. we take a look at dogs. 150
sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morning. >> there is a little bit of interpretation to that. to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimu
by hurricane sandy. man, do those people need and deserve the help. still dealing with it. >> i had a congressman from new jersey on, and it was really interesting to me. i said, you've got to then. don't you want to help jersey? he said, i want accountability. but i said, isn't it important to put money in people's pockets? he said, no, i want accountability. i said, man, you're in jersey. boy, it's bad down there. >> terrible. >> we've seen dell and hp do relatively well over the past week. citi comes out, cuts their forecast on industry growth. they were at minus 1, they go to minus 3. reiterate their cell on dell, hpq. although they it rate buying on nova. >> he's a board member of hewlett-packard. >> michael, dell had good things to say, $5 billion away from pcs. these are regarded as pc stocks. pc, pc, pc, no. >> but as a trade, there is this notion perhaps that with whitworth on the board that there could be change from within. should meg whitman not be an attraction she needs to gain over the course of the next year or so? therefore, it will result in some change at hewlett-
. the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each other for a lack of progress. this was the speaker yesterday. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> we're joined this morning by a republican member of the house budget committee congressman mick mulvany of south carolina. congressman, good morning to you. >> hey, guys. thanks for having me. >> it's been quite a week as we watch the progress or lack of progress in these talks and now so much of the attention is being paid to the house republicans and those that agree with
Search Results 0 to 6 of about 7